A firm uses two variable inputs labor (L) and capital (K) in producing its outpu

A
firm uses two variable inputs labor (L) and capital (K) in producing its
output. At its current level of output:Price (or cost)
of L = $10 per unitPrice (or cost)
of K = $2 per unitMarginal product
of L = 25Marginal product
of K = 4A.Determine whether the firm is operating
efficiently given that its objective is to minimize the cost of producing the
current level of output. Explain your work what you are doing and why.B.Determine what changes if any in the
relative proportions of labor and capital needed to be made to operate
efficiently. Explain your answer well.